Heights Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Heights Capital Management, Inc. reported 92 stock positions worth $309.2 million. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 27.2% of the portfolio, followed by Archer Aviation Class A (ACHR, 8.1%) and Nano Labs Class A (NA, 4.3%). Compared with Q1 2025, it opened 61 new positions, sold out of 29 and reduced 11. The biggest buy was a new position in Archer Aviation Class A (ACHR) and the biggest sale an exit from Plug Power (PLUG).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001081698
- Portfolio Value
- $309.2M (Q2 2025)
- SEC Filing
- 0001081698-25-000005 ↗ filed Aug 14, 2025
Holdings Value
Holdings 92 stocks · $309.2M
| FLUT Flutter Entertainment PLC-Di | 27.19% | 294,180 | $84.1M | No change |
| ACHR Archer Aviation Inc. Class A | 8.11% | 2,312,285 | $25.1M | New |
| NA Nano Labs Ltd. Class A | 4.32% | 1,440,018 | $13.4M | New |
| NNE Nano Nuclear Energy Inc. | 4.18% | 374,567 | $12.9M | New |
| AMSC American Superconductor Corp. | 4.04% | 340,102 | $12.5M | New |
| ALVO Alvotech SA | 3.22% | 1,090,664 | $9.9M | New |
| FG MERGER II CORP | 2.52% | 790,000 | $7.8M | No change |
| ADCT Adc Therapeutics SA | 2.46% | 2,832,861 | $7.6M | New |
| ONDS Ondas Inc. filed as ONDAS HLDGS INC | 2.39% | 3,845,070 | $7.4M | Reduce -14.4% |
| JACS Jackson Acquisition Co. Class A | 2.33% | 700,000 | $7.2M | No change |
| BMEA Biomea Fusion Inc. | 2.23% | 3,839,349 | $6.9M | New |
| DMAA Drugs Made in America Acquis | 2.14% | 650,000 | $6.6M | New |
| KCHVU Kochav Defense Acquisition C | 1.65% | 500,000 | $5.1M | New |
| GPAT GP-Act III Acquisition-A | 1.57% | 459,501 | $4.8M | Reduce -0.1% |
| CABA Cabaletta Bio Inc. | 1.55% | 3,144,106 | $4.8M | New |
| FERA Fifth Era Acquisition Corp. Class A | 1.15% | 350,000 | $3.6M | No change |
| KTOS Kratos Defense & Security | 1.13% | 75,000 | $3.5M | New |
| FVN Future Vision II Acquisition | 1.09% | 325,000 | $3.4M | No change |
| FSHP Flag Ship Acquisition Corp. | 1.07% | 314,000 | $3.3M | No change |
| BRRWU Columbus Circle Capital Corp. | 1.01% | 271,004 | $3.1M | New |
| COPL.U Copley Acquisition Corp. | 0.98% | 300,000 | $3.0M | New |
| IBAC Ib Acquisition Corp. | 0.84% | 249,100 | $2.6M | Reduce -0.4% |
| VACH Voyager Acquisition Corp. | 0.84% | 250,000 | $2.6M | No change |
| PLMK Plum Acquisition Corp. IV | 0.83% | 250,000 | $2.6M | New |
| TVAIU Thayer Ventures Acquisition | 0.82% | 250,000 | $2.5M | New |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.81% | 250,000 | $2.5M | New |
| ACHV Achieve Life Sciences Inc. | 0.72% | 989,509 | $2.2M | New |
| HAYMAKER ACQUISITION CORP 4 | 0.70% | 195,077 | $2.2M | No change |
| CHPGU Championsgate Acquisition Co. | 0.70% | 212,182 | $2.2M | New |
| XRPNU Armada Acquisition Corp. II | 0.66% | 200,000 | $2.0M | New |
| LCCCU Lakeshore Acquisition III Co. | 0.66% | 200,000 | $2.0M | New |
| RIBB Ribbon Acquisition Corp. | 0.66% | 200,000 | $2.0M | New |
| COLA Columbus Acquisition Corp. | 0.65% | 200,000 | $2.0M | New |
| SZZL Sizzle Acquisition Corp. Class A | 0.65% | 200,000 | $2.0M | New |
| SOUL Soulpower Acquisition Co. Class A | 0.65% | 200,000 | $2.0M | New |
| RDAGU Republic Digital Acquisition | 0.61% | 178,000 | $1.9M | New |
| FBRX Forte Biosciences Inc. | 0.60% | 143,033 | $1.8M | New |
| UYSC Uy Scuti Acquisition Corp. | 0.57% | 175,000 | $1.8M | New |
| BSAAU Best Spac I Acquisition Corp. | 0.57% | 175,000 | $1.8M | New |
| CAPN Cayson Acquisition Corp. | 0.50% | 150,000 | $1.5M | No change |
| CGCTU Cartesian Growth Corp. III | 0.49% | 150,000 | $1.5M | New |
| DYNC Dynamix Corp. | 0.40% | 120,000 | $1.2M | No change |
| TACH Titan Acquisition Corp. Class A | 0.39% | 120,000 | $1.2M | New |
| TACOU Berto Acquisition Corp. | 0.35% | 100,000 | $1.1M | New |
| MACI Melar Acquisition Corp. I-A | 0.34% | 99,999 | $1.0M | Reduce 0.0% |
| CUB Lionheart Holdings Class A | 0.34% | 99,242 | $1.0M | Reduce -0.8% |
| DTSQ DT Cloud Star Acquisition Co. | 0.34% | 100,000 | $1.0M | No change |
| IPEX Inflection Point Acquisition filed as MAYWOOD ACQUISITION CORP | 0.33% | 100,000 | $1.0M | New |
| WTGUU Wintergreen Acquisition Corp. | 0.33% | 100,000 | $1.0M | New |
| FIGXU Figx Capital Acquisition Cor | 0.32% | 100,000 | $1.0M | New |
| PACHU Pioneer Acquisition I Corp. | 0.32% | 100,000 | $1.0M | New |
| FTW Eqv Ventures Acquisition C-A | 0.32% | 93,574 | $983K | No change |
| DYCQ DT Cloud Acquisition Corp. | 0.32% | 90,200 | $980K | No change |
| ALLT Allot Ltd. | 0.28% | 100,000 | $855K | New |
| SNTI Senti Biosciences Inc. | 0.26% | 381,384 | $805K | Reduce -49.1% |
| PMTRU Perimeter Acquisition Corp. I | 0.24% | 71,307 | $747K | New |
| DRDB Roman DBDR Acquisition Corp. | 0.24% | 71,175 | $734K | Reduce -5.1% |
| REVIVA PHARMACEUTCLS HLDGS I | 0.23% | 1,829,904 | $697K | New |
| TAVI Tavia Acquisition Corp. | 0.22% | 65,000 | $668K | New |
| PGAC Pantages Capital Acquisition filed as AIFEEX NEXUS ACQUISITION COR | 0.21% | 65,000 | $662K | New |
| GSRT GSR III Acquisition Corp. | 0.21% | 60,900 | $657K | New |
| FACT Fact II Acquisition Corp. | 0.20% | 60,000 | $620K | No change |
| ASPC A Spac III Acquisition Class A | 0.20% | 60,000 | $612K | New |
| ONEN One Nuclear Energy Inc. filed as HENNESSY CAP INVT CORP VII | 0.20% | 60,000 | $610K | New |
| VCIC Vine Hill Capital Class A | 0.19% | 55,790 | $581K | No change |
| NETD Nabors Energy Transition C-A | 0.18% | 49,195 | $546K | Reduce -1.2% |
| IPCXU Inflection Point Acquisition | 0.17% | 50,000 | $526K | New |
| CHACU Crane Harbor Acquisition Cor | 0.17% | 50,000 | $524K | New |
| RANG Range Capital Acquisition Co. | 0.17% | 50,000 | $514K | No change |
| NPAC New Providence Acquisition-A | 0.16% | 50,000 | $508K | New |
| PELIU Pelican Acquisition Corp. | 0.16% | 50,000 | $508K | New |
| OYSEU Oyster Enterprises II Acquis | 0.16% | 50,000 | $506K | New |
| AXINU Axiom Intelligence Acquisiti | 0.16% | 50,000 | $505K | New |
| LWACU Lightwave Acquisition Corp. | 0.16% | 50,000 | $503K | New |
| BACCU Blue Acquisition Corp. | 0.16% | 50,000 | $502K | New |
| NTWO Newbury Street II Ac Class A | 0.15% | 44,400 | $457K | New |
| CHAR Charlton Aria Acquisiti Class A | 0.13% | 40,000 | $411K | New |
| ISOU Isoenergy Ltd. | 0.13% | 57,500 | $411K | New |
| NOEM CO2 Energy Transition Corp. | 0.13% | 40,000 | $404K | New |
| RDAC Rising Dragon Acquisition Co. | 0.13% | 39,000 | $402K | Reduce -2.5% |
| ANSC Agriculture & Natural Soluti | 0.12% | 35,482 | $385K | No change |
| CLGN Collplant Biotechnologies LT | 0.12% | 275,082 | $377K | New |
| WLAC Willow Lane Acquisition Class A | 0.12% | 35,000 | $358K | No change |
| CCIX Churchill Capital Corp. Ix | 0.11% | 33,475 | $352K | Reduce -31.5% |
| CCAQU Dune Acquisition Corp. II | 0.10% | 30,000 | $306K | New |
| POLE Andretti Acquisition Corp. Class A | 0.09% | 26,600 | $276K | No change |
| YHNA YHN Acquisition I Ltd. | 0.09% | 26,000 | $269K | Reduce -10.3% |
| TVA Texas Ventures Acquisition-A | 0.08% | 25,900 | $261K | New |
| CTXR Citius Pharmaceuticals Inc. | 0.08% | 159,898 | $254K | New |
| HSPT Horizon Space Acquisition II | 0.07% | 20,000 | $205K | New |
| EURK Eureka Acquisition Corp. | 0.05% | 15,400 | $161K | No change |
| SENS Senseonics Holdings Inc. | 0.03% | 177,725 | $85K | New |
Options reported separately and not counted above: NNE puts ($42.1M), AMSC puts ($12.6M), ADSE puts ($262K), USAR puts ($168K).
Other holdings (66): bonds, preferreds, convertibles and warrants · $10.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | 12,052,970 | $8.3M | Add +4.6% |
| BCTXZ Briacell Therapeutics - 30 | *W EXP 99/99/999 | 552,081 | $574K | New |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 700,000 | $196K | New |
| FGMCR FG Merger II Corp. | RIGHT 02/11/2030 | 716,784 | $143K | New |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 310,687 | $87K | Reduce -11.2% |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 249,397 | $87K | No change |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | 633,816 | $79K | New |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 315,156 | $60K | Reduce -3.0% |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 194,245 | $49K | Reduce -2.9% |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | 200,000 | $44K | No change |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | 313,695 | $41K | Reduce -0.1% |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 200,000 | $40K | New |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 200,000 | $40K | New |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 122,896 | $38K | Reduce -29.4% |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | 175,000 | $35K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 125,000 | $30K | New |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 99,799 | $27K | Reduce -0.2% |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 104,874 | $26K | Reduce -29.1% |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 48,957 | $24K | Reduce -75.5% |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | 586,218 | $23K | No change |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 60,000 | $22K | New |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 60,000 | $22K | No change |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 46,662 | $21K | No change |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 148,900 | $21K | Reduce -0.7% |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 37,500 | $19K | New |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | 309,520 | $19K | Reduce -11.1% |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | 85,000 | $19K | Reduce -5.6% |
| TBMCR Trailblazer Merger Corp.-RTS | RIGHT 04/21/2028 | 44,697 | $17K | Reduce -65.6% |
| TNONW Tenon Medical Inc.-28 | *W EXP 06/16/202 | 846,723 | $16K | Reduce -0.6% |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 91,500 | $16K | Reduce -8.5% |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 61,400 | $14K | Reduce -5.5% |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 95,800 | $12K | Reduce -4.2% |
| AIMDW Ainos Inc. - 27 | *W EXP 07/29/202 | 82,500 | $12K | No change |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | 98,600 | $11K | Reduce -16.8% |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 59,271 | $11K | New |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 64,100 | $11K | Reduce -1.4% |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 16,666 | $10K | New |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 245,191 | $10K | Reduce -1.9% |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 149,100 | $9K | No change |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 35,184 | $9K | New |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 352,819 | $8K | Reduce -1.2% |
| LMND.WS Lemonade Inc.-28 | *W EXP 02/09/202 | 88,946 | $7K | No change |
| IVDAW Iveda Solutions Inc. -CW27 | *W EXP 04/01/202 | 54,000 | $7K | No change |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 39,996 | $7K | New |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 30,000 | $7K | New |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 23,025 | $7K | Reduce -17.5% |
| RDACR Rising Dragon Acquisition Co. | RIGHT 11/15/2028 | 38,694 | $7K | Reduce -3.3% |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 17,500 | $6K | New |
| SBEVW Splash Beverage Group -CW | *W EXP 06/15/202 | 288,884 | $6K | No change |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | 40,000 | $6K | New |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 22,500 | $6K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 87,043 | $5K | Reduce -56.5% |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 28,371 | $5K | Reduce -2.2% |
| LEXXW Lexaria Bioscience -CW25 | *W EXP 01/14/202 | 41,251 | $4K | No change |
| VSSYW Versus Systems -CW26 | *W EXP 11/22/202 | 100,000 | $4K | New |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 40,000 | $4K | New |
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | 29,000 | $3K | No change |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 12,950 | $3K | New |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 14,616 | $3K | Reduce -5.1% |
| HSPTR Horizon Space Acquisition II | RIGHT 03/30/2026 | 19,864 | $3K | New |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | 100,000 | $2K | No change |
| SVREW Saverone 2014 Ltd. -CW27 | *W EXP 06/02/202 | 40,000 | $1K | No change |
| GOVXW Geovax Labs Inc. -CW25 | *W EXP 09/29/202 | 53,960 | $1K | No change |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | 43,275 | $1K | Reduce -28.0% |
| CDTTW Murphy Canyon Acq-CW27 | *W EXP 09/22/202 | 45,923 | $501 | Reduce -41.8% |
| HYMCL Hycroft Mining Holding -CW25 | *W EXP 10/06/202 | 15,174 | $266 | No change |
Total filed on the 13F, all lines: $319.6M.
Portfolio Sells Q1 2025 → Q2 2025
| PLUG Plug Power Inc. | Sold out | 0.00% | −15.96 |
| HUMA Humacyte Inc. | Sold out | 0.00% | −3.51 |
| DMAAU Drugs Made in America Acquis | Sold out | 0.00% | −3.37 |
| CEP Cantor Equity Partners Inc. | Sold out | 0.00% | −1.65 |
| PLMKU Plum Acquisition Corp. IV | Sold out | 0.00% | −1.29 |
| REEAF Ree Automotive Ltd. Class A | Sold out | 0.00% | −1.23 |
| SNTI Senti Biosciences Inc. | Reduce -49.1% | 0.26% | −1.03 |
| ALGS Aligos Therapeutics Inc. | Sold out | 0.00% | −1.02 |
| UCFI CN Healthy Food Tech Group C | Sold out | 0.00% | −0.89 |
| GPAT GP-Act III Acquisition-A | Reduce -0.1% | 1.57% | −0.87 |
| VLOS Velos Acquisition I Corp. | Sold out | 0.00% | −0.53 |
| IBAC Ib Acquisition Corp. | Reduce -0.4% | 0.84% | −0.48 |
| GSRTU GSR III Acquisition Corp. | Sold out | 0.00% | −0.37 |
| GNLX Genelux Corp. | Sold out | 0.00% | −0.33 |
| ASPCU A Spac III Acquisition Corp. | Sold out | 0.00% | −0.31 |
| HVIIU Hennessy Capital Investment | Sold out | 0.00% | −0.31 |
| GLACF Global Lights Acquisition Co. | Sold out | 0.00% | −0.30 |
| FORL Four Leaf Acquisition Cor-A | Sold out | 0.00% | −0.28 |
| SRZN Surrozen Inc. | Sold out | 0.00% | −0.27 |
| CHEB Chenghe Acquisition II Co. | Sold out | 0.00% | −0.26 |
| NOEMU CO2 Energy Transition Corp. | Sold out | 0.00% | −0.21 |
| CHARU Charlton Aria Acquisition Co. | Sold out | 0.00% | −0.21 |
| CUB Lionheart Holdings Class A | Reduce -0.8% | 0.34% | −0.19 |
| MACI Melar Acquisition Corp. I-A | Reduce 0.0% | 0.34% | −0.18 |
| DRDB Roman DBDR Acquisition Corp. | Reduce -5.1% | 0.24% | −0.17 |
| CCIX Churchill Capital Corp. Ix | Reduce -31.5% | 0.11% | −0.16 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.12 |
| HSPTU Horizon Space Acquisition II | Sold out | 0.00% | −0.10 |
| BSII Black Spade Acquisition II C | Sold out | 0.00% | −0.10 |
| NETD Nabors Energy Transition C-A | Reduce -1.2% | 0.18% | −0.10 |
| SINT Sintx Technologies Inc. | Sold out | 0.00% | −0.08 |
| RDAC Rising Dragon Acquisition Co. | Reduce -2.5% | 0.13% | −0.08 |
| ONDS Ondas Inc. | Reduce -14.4% | 2.39% | −0.07 |
| YHNA YHN Acquisition I Ltd. | Reduce -10.3% | 0.09% | −0.06 |
| SCLX Scilex Holding Co. | Sold out | 0.00% | −0.03 |
| LBRA 1847 Holdings LLC | Sold out | 0.00% | −0.01 |
| PMN Promis Neurosciences Inc. | Sold out | 0.00% | −0.01 |
| BIOMX INC | Sold out | 0.00% | −0.00 |
| VERSUS SYSTEMS INC | Sold out | 0.00% | −0.00 |
| AEHL Antelope Enterprise Holdings | Sold out | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| ACHR Archer Aviation Inc. Class A | New | 8.11% | +8.11 |
| NA Nano Labs Ltd. Class A | New | 4.32% | +4.32 |
| NNE Nano Nuclear Energy Inc. | New | 4.18% | +4.18 |
| AMSC American Superconductor Corp. | New | 4.04% | +4.04 |
| ALVO Alvotech SA | New | 3.22% | +3.22 |
| ADCT Adc Therapeutics SA | New | 2.46% | +2.46 |
| BMEA Biomea Fusion Inc. | New | 2.23% | +2.23 |
| DMAA Drugs Made in America Acquis | New | 2.14% | +2.14 |
| KCHVU Kochav Defense Acquisition C | New | 1.65% | +1.65 |
| CABA Cabaletta Bio Inc. | New | 1.55% | +1.55 |
| KTOS Kratos Defense & Security | New | 1.13% | +1.13 |
| BRRWU Columbus Circle Capital Corp. | New | 1.01% | +1.01 |
| COPL.U Copley Acquisition Corp. | New | 0.98% | +0.98 |
| PLMK Plum Acquisition Corp. IV | New | 0.83% | +0.83 |
| TVAIU Thayer Ventures Acquisition | New | 0.82% | +0.82 |
| OBAWU Oxley Bridge Acquisition Ltd. | New | 0.81% | +0.81 |
| ACHV Achieve Life Sciences Inc. | New | 0.72% | +0.72 |
| CHPGU Championsgate Acquisition Co. | New | 0.70% | +0.70 |
| XRPNU Armada Acquisition Corp. II | New | 0.66% | +0.66 |
| LCCCU Lakeshore Acquisition III Co. | New | 0.66% | +0.66 |
| RIBB Ribbon Acquisition Corp. | New | 0.66% | +0.66 |
| COLA Columbus Acquisition Corp. | New | 0.65% | +0.65 |
| SZZL Sizzle Acquisition Corp. Class A | New | 0.65% | +0.65 |
| SOUL Soulpower Acquisition Co. Class A | New | 0.65% | +0.65 |
| RDAGU Republic Digital Acquisition | New | 0.61% | +0.61 |
| FBRX Forte Biosciences Inc. | New | 0.60% | +0.60 |
| UYSC Uy Scuti Acquisition Corp. | New | 0.57% | +0.57 |
| BSAAU Best Spac I Acquisition Corp. | New | 0.57% | +0.57 |
| CGCTU Cartesian Growth Corp. III | New | 0.49% | +0.49 |
| TACH Titan Acquisition Corp. Class A | New | 0.39% | +0.39 |
| TACOU Berto Acquisition Corp. | New | 0.35% | +0.35 |
| IPEX Inflection Point Acquisition | New | 0.33% | +0.33 |
| WTGUU Wintergreen Acquisition Corp. | New | 0.33% | +0.33 |
| FIGXU Figx Capital Acquisition Cor | New | 0.32% | +0.32 |
| PACHU Pioneer Acquisition I Corp. | New | 0.32% | +0.32 |
| ALLT Allot Ltd. | New | 0.28% | +0.28 |
| PMTRU Perimeter Acquisition Corp. I | New | 0.24% | +0.24 |
| REVIVA PHARMACEUTCLS HLDGS I | New | 0.23% | +0.23 |
| TAVI Tavia Acquisition Corp. | New | 0.22% | +0.22 |
| PGAC Pantages Capital Acquisition | New | 0.21% | +0.21 |
| GSRT GSR III Acquisition Corp. | New | 0.21% | +0.21 |
| ASPC A Spac III Acquisition Class A | New | 0.20% | +0.20 |
| ONEN One Nuclear Energy Inc. | New | 0.20% | +0.20 |
| IPCXU Inflection Point Acquisition | New | 0.17% | +0.17 |
| CHACU Crane Harbor Acquisition Cor | New | 0.17% | +0.17 |
| NPAC New Providence Acquisition-A | New | 0.16% | +0.16 |
| PELIU Pelican Acquisition Corp. | New | 0.16% | +0.16 |
| OYSEU Oyster Enterprises II Acquis | New | 0.16% | +0.16 |
| AXINU Axiom Intelligence Acquisiti | New | 0.16% | +0.16 |
| LWACU Lightwave Acquisition Corp. | New | 0.16% | +0.16 |
Options Activity Q1 2025 → Q2 2025
| NNE Nano Nuclear Energy Inc. | put | Add +715.2% | 1,220,400 | $42.1M |
| AMSC American Superconductor Corp. | put | New | 342,900 | $12.6M |
| ADSE ADS-Tec Energy PLC | put | New | 19,000 | $262K |
| USAR USA Rare Earth Inc. | put | New | 15,300 | $168K |
| CKPT Checkpoint Therapeutics Inc. | put | Sold out | 37,500 | $152Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | Add +4.6% | 12,052,970 | $8.3M |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | Sold out | 6,000,000 | $4.9Mbefore exit |
| BCTXZ Briacell Therapeutics - 30 | *W EXP 99/99/999 | New | 552,081 | $574K |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | New | 700,000 | $196K |
| FGMCR FG Merger II Corp. | RIGHT 02/11/2030 | New | 716,784 | $143K |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | Reduce -11.2% | 310,687 | $87K |
| DMAAR Drugs Made in America Ac-RTS | RIGHT 12/09/2029 | New | 633,816 | $79K |
| GBBKR Global Blockchain Acq - RTS | RIGHT 05/09/2027 | Sold out | 625,000 | $62Kbefore exit |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | Reduce -3.0% | 315,156 | $60K |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | Reduce -2.9% | 194,245 | $49K |
| FSHPR Flag Ship Acquisition Corp. | RIGHT 03/31/2026 | Reduce -0.1% | 313,695 | $41K |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | New | 200,000 | $40K |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | New | 200,000 | $40K |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | Reduce -29.4% | 122,896 | $38K |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | New | 125,000 | $30K |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | Reduce -0.2% | 99,799 | $27K |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | Reduce -29.1% | 104,874 | $26K |
| BUJAR Bukit Jalil Global Acquisiti | RIGHT 12/30/2024 | Sold out | 100,000 | $26Kbefore exit |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | Reduce -75.5% | 48,957 | $24K |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | New | 60,000 | $22K |
| GLLRF Global Lights Acquisition Co. | RIGHT 99/99/9999 | Sold out | 99,800 | $22Kbefore exit |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | Reduce -0.7% | 148,900 | $21K |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | New | 37,500 | $19K |
| CYCUW Cycurion Inc.-CW27 | *W EXP 02/13/203 | Reduce -11.1% | 309,520 | $19K |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | Reduce -5.6% | 85,000 | $19K |
| TBMCR Trailblazer Merger Corp.-RTS | RIGHT 04/21/2028 | Reduce -65.6% | 44,697 | $17K |
| TNONW Tenon Medical Inc.-28 | *W EXP 06/16/202 | Reduce -0.6% | 846,723 | $16K |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | Reduce -8.5% | 91,500 | $16K |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | Sold out | 80,000 | $14Kbefore exit |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | Reduce -5.5% | 61,400 | $14K |
| GBBKW Global Blockchain Acq-CW27 | *W EXP 05/09/202 | Sold out | 427,592 | $13Kbefore exit |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | Reduce -4.2% | 95,800 | $12K |
| EMCRF Embrace Change Acq-Rights | RIGHT 10/25/2026 | Reduce -16.8% | 98,600 | $11K |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | New | 59,271 | $11K |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | Reduce -1.4% | 64,100 | $11K |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | New | 16,666 | $10K |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | Reduce -1.9% | 245,191 | $10K |
| CLRRF Climaterock -RTS | RIGHT 10/31/2028 | Sold out | 50,000 | $9Kbefore exit |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | New | 35,184 | $9K |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | Sold out | 27,889 | $8Kbefore exit |
| YOTAR Yotta Acquisition Corp. - RTS | RIGHT 03/15/2027 | Sold out | 50,000 | $8Kbefore exit |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | Reduce -1.2% | 352,819 | $8K |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | New | 39,996 | $7K |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | New | 30,000 | $7K |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | Reduce -17.5% | 23,025 | $7K |
| RDACR Rising Dragon Acquisition Co. | RIGHT 11/15/2028 | Reduce -3.3% | 38,694 | $7K |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | New | 17,500 | $6K |
| CHARR Charlton Aria Acquisi-Rights | RIGHT 12/31/2026 | New | 40,000 | $6K |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | Reduce -56.5% | 87,043 | $5K |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | Sold out | 39,510 | $5Kbefore exit |
Showing the first 50 of 70.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 197 | $425.0M | FLUT, AMC, MGTX, TSHA, OTAI.U |
| Q1 2026 | 165 | $354.0M | SLDP, FLUT, IONQ, CMPS, LAES |
| Q4 2025 | 120 | $261.6M | FLUT, FG MERGER II CORP, JACS, DMAA, DMIIU |
| Q3 2025Amended | 112 | $301.2M | FLUT, IBRX, NNE, DFDV, FG MERGER II CORP |
| Q2 2025 | 92 | $309.2M | FLUT, ACHR, NA, NNE, AMSC |
| Q1 2025 | 67 | $195.3M | FLUT, PLUG, FGMCU, JACS.U, HUMA |
| Q4 2024 | 66 | $186.0M | FLUT, NNE, ONDS, LB, JACS.U |
| Q3 2024 | 55 | $125.9M | FLUT, SOC, GPAT, FVNNU, FSHP |